OPENLANE Q2 revenue +15.1% to $554.6M; net income to common +125.1% on lower below-the-line drag

Filed August 4, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~1 min read

Key Changes

• high

  Revenue rose 15.1% to $554.6M, with operating income up 42% to $67.5M, driven by a 27% jump in vehicles sold and GMV up 40% to $10.5B.

  MD&A: Revenue & Operating Profit verify on EDGAR →
• high

  Company took in Oct 2025 to fund repurchase of Series A Preferred Stock; interest expense rose 223%.

  MD&A: New Term Loan verify on EDGAR →
• high

  Series A Preferred Stock fully converted to common in Q2 2026, eliminating 7% cumulative dividends but diluting common shareholders.

  Notes: Preferred Conversion verify on EDGAR →